this post was submitted on 27 Jul 2025
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Mildly Interesting
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The other way you could interpret this is that so many people want to live in these amazing countries that it's outpacing home construction. I would like to see this compared to net migration and/or population growth.
In Canada that's what it was. They seriously curtailed immigration with the new government, which is starting to lower home prices. It's not sunshine and rainbows though, we needed those immigrants to plug the labour hole the boomers left. Coupled with the tariffs and market incertainty, Canada is in an unofficial recession already.
No interest in letting in more tradespeople to buff up the construction industry?
Apparently not. Personally I thought they should have tried to get more tradespeople, but here we are.